Finance Minister Grant Robertson says next year's review of the KiwiSaver default providers will look at ways to attract the remaining million Kiwis not in the state-sponsored scheme, but he's reluctant to make it compulsory.
KiwiSaver funds across the board showed an "impressive" returns in the six months to June 30, research firm Morningstar says in its quarterly review of KiwiSaver funds performance and growth, boosted by higher returns from foreign shares and property caused by a 2 percent fall in the value of the New Zealand dollar over that period.
Banks’ tendency to put their customers’ KiwiSaver balance on their online statements could be bad news for investors in the long term, according to financial author and KiwiSaver expert Mary Holm.
The Financial Markets Authority's (FMA) annual KiwiSaver report yesterday revealed a sharp increase in withdrawals and a slump in new member numbers in the wake of the Government's ramped up HomeStart subsidy for first home buyers and its Budget 2015 decision to remove the NZ$1,000 'kick-start' for new members from last May.
For the convenience of subscribers, here's my weekend column in which I argue the Government should help break the lending drought threatening the Auckland housing building boom by focusing KiwiSaver HomeStart on funding new builds.
The 85% rise in Auckland land prices over the last four years hung heavily over the housing debate over the weekend, reinforcing that achieving affordability any time within 50 years would actually require land prices to fall -- which (almost) no politicians want.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Tuesday.
For the convenience of subscribers, here's my weekend column in which I argue it's time to think about how a million retiring KiwiSavers could either blow or sensibly use their NZ$100,000 pots when they retire.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Thursday.
For the convenience of email-avoiding subscribers and samplers, here's the email sent earlier on Wednesday.